Item 5. Market for Registrant’s Common Equity
Item 5. Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
CMS Energy
CMS Energy’s common stock is traded on the New York Stock Exchange under the symbol CMS. At January 16, 2026, the number of registered holders of CMS Energy’s common stock totaled 22,938, based on the number of record holders.
For additional information regarding securities authorized for issuance under equity compensation plans, see Item 8. Financial Statements and Supplementary Data—Notes to the Consolidated Financial Statements—Note 12, Stock-based Compensation and Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. For additional information regarding dividends and dividend restrictions, see Item 8. Financial Statements and Supplementary Data—Notes to the Consolidated Financial Statements—Note 5, Financings and Capitalization.
Comparison of Five ‑ year Cumulative Total Return
Five-year Cumulative Total Return
Company/Index 2020 2021 2022 2023 2024 2025
CMS Energy $ 100 $ 110 $ 110 $ 104 $ 124 $ 134
S&P 500 Index 100 129 105 133 166 196
S&P 400 Utilities Index 100 120 120 104 136 164
These cumulative total returns assume reinvestments of dividends.
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Consumers
Consumers’ common stock is privately held by its parent, CMS Energy, and does not trade in the public market.
Issuer Repurchases of Equity Securities
CMS Energy repurchases common stock to satisfy the minimum statutory income tax withholding obligation for common shares that have vested under the PISP. The value of shares repurchased is based on the market price on the vesting date. Presented in the following table are CMS Energy’s repurchases of common stock for the three months ended December 31, 2025:
Period Total Number of Shares Purchased
Average Price Paid Per Share
October 1, 2025 to October 31, 2025 — $ —
November 1, 2025 to November 30, 2025 132 73.99
December 1, 2025 to December 31, 2025 320 69.84
Total 452 $ 71.05
As of December 31, 2025, CMS Energy has no other publicly announced plans or programs that permit the repurchase of equity securities.
Unregistered Sales of Equity Securities
None.
Item 6. Reserved
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.